ID: MRFR/CO/3882-CR | November 2019 | Region: Global | 185 pages
Zero Energy Buildings Market size is projected to be worth USD 142.81 billion by 2028, registering a CAGR of 31.67% during the forecast period (2021 - 2028), The market was valued at USD 19.56 billion in 2020.
The global market for zero energy buildings is segmented by equipment and application. By equipment, the zero-energy buildings market is segmented into HVAC systems, lighting walls & roofs, and others. The HVAC systems dominated the global market as they are the most significant and energy-consuming parts in the entire building structure leading to significant energy savings in high-performance buildings.
By application, the global market for zero energy buildings is segmented as residential and non-residential. The non-residential segment accounted for the larger market share due to rising awareness and the additional investments to enhance energy efficiency and the renewable energy sources among owners of non-residential buildings, resulting in substantial energy saving.
The Key Players of Global Zero Energy Buildings Market are Daikin Industries, Ltd. (Japan), General Electric (US), Johnson Controls International plc (Ireland), Honeywell International Inc (US), Schneider Electric (France), Siemens (Spain), SunPower Corporation (US), Kingspan Group (Ireland), Solatube International, Inc. (US), Saint-Gobain (France).
Region-specific analysis of the zero-energy buildings market spans across North America, Europe, Asia-Pacific (APAC), and the rest of the world.
Global Zero Energy Buildings Market, by Region, 2018 (%)
Source: MRFR Analysis
By, the market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world. North America is anticipated to lead the zero-energy buildings market during the study period, followed by Europe. The region is expected to witness increased growth in HVAC equipment system. It is being observed that the region is emerging for zero energy building solutions with a sustainable approach for increased global demand. The US dominates the zero energy buildings market in North America.
In 2018, Europe held the second-largest share of the zero-energy buildings market. The market is expecting significant growth due to the stringent regulations adopted by the governments in Europe for increasing the adoption of zero-energy building technologies.
The Global Zero Energy Buildings Market has been segmented based on equipment, application, and region. By equipment, the global market is segmented into HVAC systems, lightings, walls & roofs and others. The HVAC systems dominated the global market as they are the most significant and energy-consuming parts in the entire building structure leading to significant energy savings in high-performance buildings.
Zero-energy buildings meet all energy requirements such as low-cost, locally available, non-polluting, renewable energy sources. These are usually high performing, efficient buildings that use, over the course of a year, renewable technologies to produce as much energy as they consume from purchased commercial energy sources. The global zero-energy buildings market is expected to witness substantial growth during the forecast period. The demand is expected to be driven by increasing concerns regarding minimizing the energy consumption and growing environmental concerns and the inclination of individuals to adopt green buildings. Increasing information about the environmental and social impact of buildings among architects & construction companies has brought about a surge in sustainable building technologies and construction. Lower operating costs and energy bills, greater resale values as well as isolation provision from increasing high energy prices, leading to increased property values are some factors expected to increase the construction of zero energy building market during the forecast period.
However, the delay in obtaining certifications attributed to the lack of certified professionals and expertise to enable the assembly of all components used and the skills required to gain permissions for the integration and operations of zero-energy buildings are expected to increase in the coming years and may impact the global zero-energy buildings market.
Moreover, there has been a steady rise in enhancing sustainability and scope for growth in emerging economies. The scope for growth ensures various benefits for architects, developers, and economies are expected to create an opportunity for the global market players.
Key Questions Addressed by the Report
|Market Size||2028: USD 142.81 billion|
|CAGR||31.67% CAGR (2020-2028)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Daikin Industries, Ltd. (Japan), General Electric (US), Johnson Controls International plc (Ireland), Honeywell International Inc (US), Schneider Electric (France), Siemens (Spain), SunPower Corporation (US), Kingspan Group (Ireland), Solatube International, Inc. (US), Saint-Gobain (France).|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global zero-energy buildings market projected to grow at approximately 31.67% CAGR during the assessment period (2021-2028).
The valuation of the global zero energy buildings market is estimated to increase to USD 142.81 billion by 2028.
On the basis of equipment, the HVAC systems and on the basis of application, the non-residential segment holds majority shares in the global zero energy buildings market.
Asia Pacific holds the largest share in the global zero energy buildings market, followed by North America and Europe, respectively.
Kingspan Group (Ireland), SunPower Corporation (US), Solatube International, Inc. (US), Daikin Industries, Ltd. (Japan), Saint-Gobain (France), General Electric (US), Honeywell International Inc. (US), Siemens (Spain), Johnson Controls International plc. (Ireland), and Schneider Electric (France), are some of the top players operating in the global zero energy buildings market.